Cryptocurrency-friendly Senator Cynthia Lummis (R-Wyo.) believes that the reason “many young Americans are into Bitcoin” BTC/USD is because it is "sound money."
What Happened: Lummis, on Tuesday, said the federal government’s blank check spending habits, the erosion of the gold standard and the development of the internet are major contributing factors that led to Bitcoin’s rise in popularity.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
